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It is well known that Asia Pacific region is currently a global center of polyolefins consumption. This did not happen overnight, of course, and the growth is impressive - while in 1996 the region consumed a third of global PE and PP, now its share is close to 50%. The doubtless leader in polyolefin demand is China but, according to 2015 data, other 3 countries of the region are among top-10 global PE and PP demand centers – namely, India (#3), Japan (#4) and South Korea (#8).

At the same time, the region is facing significant deficit of PE and PP, exceeding 10 million tons/year ...
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LNG supply will shape and shake markets

  2015-10-01     Colin Chapman  
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The oil price is having a knock-on effect on LNG prices, and an oversupply could soon hit the market

LNG is undergoing an exceptional period of supply growth but less bullish prospects for demand growth.

The potential mismatch between supply and demand is likely to lead to a global weakening of LNG project economics.

Waves of new LNG production are starting to flow into the global markets. After many years of limited supply, LNG liquefaction capacity is...
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Winds of change are sweeping the bunker fuel market

  2015-07-15     Luisa Sykes, Valentin Kotlomin  
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IMO sulphur limit regulations: New challenges on the way

The bunker fuel market is being swept by dramatic changes – these changes will re-shape the market and will affect bunkering operations, commercial shipping and global refining. The most significant changes will be triggered by the reduction of sulphur content in bunker fuel proposed by the International Maritime Organization (IMO). The IMO is introducing regulations to reduce the maximum sulphur emissions for all vessels within the Emission Control Areas (ECAs) from the existing sulphur limits of 1% to 0...
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Развитие рынка EPC-услуг в секторе нефтепереработки России

  2015-05-12     Екатерина Калиненко  
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Рынок сервисных услуг для нефтегазового комплекса кардинально отличается как от аналогичных рынков за рубежом, так и в областях upstream и downstream. Проектирование и строительство во втором случае в основном относится к НПЗ и объектам заводской инфраструктуры. Российский рынок до кризиса интенсивно развивался по объемам спроса и выручки, следуя за ростом спроса на услуги по проектированию и строительству для нефтегазового комплекса, который формирует 70% выручки инжиниринговых компаний: максимальный объем услуг планировался на период 2015-2018 гг., однако экономическая ситуация внесла ...
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Main trends in project execution and construction

  2015-04-01     Kalinenko Ekaterina  
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Global refining market overview

Last year has been very productive in global construction activity – 500 new projects were announced, making it up to over 70% increase over the 2013 . USA has shown the most significant growth due to the shale boom, mainly in new gas processing, GTL plant capacity, ethylene, methanol and ammonia plants. The number of projects in refining and petrochemical ...
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Interview with Colin Chapman for Media Business

  2014-08-01     Colin Chapman  
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1. Soon, in September, The Moscow Refining and Petrochemicals Week will take place. Today many companies are skeptical about taking part in Conferences & exhibitions and consider them as an inappropriate waste of money. What, in your opinion, is the main goal of this exhibition?

In a country so large as Russia such Conferences and Exhibitions allow delegates to meet representatives of Russian and CIS Oil Refiners and ...
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